A New Gold Rush Is Happening in California . . . Can You Cash In?

A New Gold Rush Is Happening in California . . . Can You Cash In?

We have watched stories about it on Fox News and other news channels. We have read about it in the Los Angeles Times and other newspapers. 

What are we talking about? We are talking about the fact that flooding in California has exposed veins of gold that have been hidden for decades. Some of these hidden deposits of gold were apparently not discovered during the famous gold rush of 1849. And now, a lot of prospectors who have heard the news about a new gold rush are heading to the foothills of the Sierra Nevada Mountains to pan for gold in streams. Some of them are reportedly using more than pans to look for gold; they are bringing in sophisticated equipment to look for it.

Read More

Is It Gold? Yes! Is It Valuable? Hard to Tell!

Is It Gold? Yes! Is It Valuable? Hard to Tell!

Gold-plated and gold-covered items look beautiful - and they look expensive. But even though many collectible items have a beautiful surface of genuine gold, some contain only a tiny amount of the precious metal. Over the centuries, tiny amounts of gold have been beaten thin and used to decorate all kinds of items, even buildings.

Read More

Don’t Be Fooled into Buying these Metal Items

Don’t Be Fooled into Buying these Metal Items

Shakespeare once wrote, “All that glitters is not gold.” If he had thought about it, he could have written something similar about silver, platinum, rhodium, and other precious metals. The fact is that some shiny things that look like they should be worth a lot of money really aren’t. They either don’t contain any precious metals at all or they contain such small quantities that there is no point sending them to a qualified precious metals refinery like Specialty Metals Smelters and Refiners, because the cost of extracting those metals will be greater than the value of the metals themselves.

Read More

The Cash Cleanup . . .

The Cash Cleanup . . .

If you forgot to do any spring cleaning, these energizing autumn days can be a good time to get going. If you do, there is a pretty good chance that you’ll discover some items that will provide you with a bigger payback than you realize. Here are some items that are lying around my house. Odds are pretty good that they can be recycled very profitably by a top precious metals refinery like Specialty Metals Smelters and Refiners. 

Read More

Five Golden Rings: Have You Got Yours Yet?

Five Golden Rings: Have You Got Yours Yet?

So if there is enough gold on earth for each of us to own five golden rings, have you gotten yours yet? I am not joking, because if you devote some time and energy to acquiring gold, you can get to that five-ring, .76 troy ounce figure more quickly than you expect. Where can you find that gold? For starters, in places like these that you might be overlooking. . .

Read More

Raise Money for Your Favorite Cause with a Gold Drive

A gold drive can be a great way to raise money for religious institutions, charities, hospital or other causes that you support, whether you are a local business, a manufacturer with ties to your community or just as an individual who wants to help a good cause.

Best of all, gold drives are simple to set up and run. You ask people to donate cellphones, old remote control devices, or old eyeglasses. You then send the items that you collect to our qualified precious metals refinery, and we send you payments.

Photo of people in a recycling drive to collect gold-bearing devices like old phones to raise money for their favorite cause with the help of a qualified gold refinery like Specialty Metals.  

It sounds simple, and it is. Yet here are some suggestions for running a successful gold drive.

Select and specify the specific items that you will collect

You can focus on older cellphones, on remote-control devices, on eyeglasses and eyeglass frames – or on a combination of those items. Even in rural areas, it is possible to collect a surprisingly large number of older cellphones every month.

Work with the staff of the cause that you are supporting

The people who work there can do a lot to assure the success of your efforts. They can place collection bins in front of their premises and elsewhere. They can also announce the gold drive in their publications, place articles with local newspapers and websites, utilize their staff to help monitor and run the drive, and provide other assistance to help assure success. And if you are a business, you can use your own location as a collection center as well, strengthening your ties to your community and bringing in additional traffic.

Allow enough time to spread the word

It can also be a good idea to make your drive open-ended – not something that you run for just a few months, but an ongoing activity that will become known and generate income in the years ahead. It takes time for people to learn about drives and to respond. 

Consider involving students

High school students, members of scouting organizations, and other young people today are often eager to participate in projects that help their communities. With just a few calls, you could recruit young people who can go door-to-door, stand in front of stores to promote your drive, and do lots of other “legwork” that can make your drive a success.

Let Specialty Metals Smelters and Refiners Help You Succeed

We are ready to help make your gold drive an ongoing success.  To learn more, call us at 800-426-2344.

Related Posts:

Recycling Gold Filled Scrap - Big Dollars Could Be Hiding in Small Items
Is it Worth Recycling Smartphones?
Ask a Gold Refinery - What’s the Difference between Gold-Plated and Gold-Filled Eyeglass Frames?
Four Kinds of Easy-to-Overlook Electronic Devices that Contain Gold
Are You Sitting on Precious Metals You Don’t Even Know About? It’s Remotely Possible!

How to Get Big Dollars from Your Small Quantities of Gold Scrap

With gold now trading in the range of about $1,300 per troy ounce on the London Fix, you might be thinking that this would be a good time to hold onto your reserves of gold scrap and wait for prices to rise.

Photo of gold dollar signs that symbolizes how you can get big dollars from small quantities of gold scrap at Specialty Metals Smelters & Refiners.

You could do that, of course. But sending your gold-plated items and gold scrap to a qualified gold refinery could be a good strategy today too, depending on your company’s current financial needs, the quantity of gold you have on hand, and other variables. It’s a business decision for you to make, of course. But here is some information that could help you make that decision in a more informed way.

Certain Items of Gold Scrap Contain Larger Quantities of Gold than You Might Expect

These forms of gold scrap contain more than trace amounts of gold. If you have even a small quantity of them on hand, they could provide you with a good infusion of cash . . .

  • Dental scrap. This includes bridges, bridgework, crowns, bars, inlays, clasps, and even grindings, which are small quantities of gold dust that result when gold-containing dental appliances are cut.
  • Quantities of gold-filled eyeglass frames. If they were made more than 30 years ago – back in the days when eyeglass frames were supposed to be refitted with new lenses, not tossed – they could contain much more gold than newer thin-plated frames do.
  • Quantities of gold-plated decorative items. People have discovered significant quantities of valuable gold in gold-plated chandeliers, candelabras, doorknobs, automobile trim pieces, and even plumbing fixtures. If it glimmers like gold, it could be worth more than you suspect. It’s worth sending to us for analysis.
  • Gold-bearing microchips, printed circuit boards, and older electronic components. Older items, such as the big fat central processing units (CPUs) from older desktop computers can contain more recyclable gold than you expect – sometimes as much as $3.00 worth of gold for each CPU that you recycle. And even newer printed circuit board that are found in cellphones, laptops and tablet computers can contain quantities of gold with value that can really add up.

Want to Know More about Recycling Gold and Gold Scrap?

We are here to answer your questions with no pressure from us . . . and no obligation on your part. Why not call us at 800-426-2344 to learn more?

Related Posts:

Where Is the Gold Hiding in Your Old Computers?
Recycling Gold Filled Scrap - Big Dollars Could Be Hiding in Small Items
Recycling Gold-Plated Plumbing Fixtures: All That Glitters Could Be Gold
Gold Refining of Dental Scrap: A Profitable Look at Yesterday and Today
Ask a Gold Refinery - What’s the Difference between Gold-Plated and Gold-Filled Eyeglass Frames?

Recycling Gold Filled Scrap - Big Dollars Could Be Hiding in Small Items

Jewelry manufacturers have recently gotten very good at depositing extremely thin layers of gold onto other metals. The result? Most of the gold-plated pieces of jewelry that have been manufactured in the last few years are not worth recycling at all. The cost of refining the gold they contain is higher than the value of the gold itself.

Image of an assortment of karat gold and gold-filled jewelry, which Specialty Metals can recycle and refine for the best prices for individuals and businesses.

But if you have large quantities of older gold-filled items, that is another story. As recently as 20 years ago, manufacturers of the following items were applying far thicker platings of gold than are common today . . .

  • Gold-filled Jewelry – Even small pins, bracelets, and chains can contain quantities of gold that are worth recycling. It is also worth remembering that as recently as only a few decades ago, relatively inexpensive watches often had gold-filled cases that contained quantities of gold that can be quite valuable today.
  • Trophies, plaques, and commemorative items – Today, they contain very little gold. But in years past, that was not the case. If you have a quantity of them, they can be well worth recycling.
  • Gold-filled Eyeglass frames It is easy to overlook the value that resides in them, because they are small and lightweight. But to restate the point, older gold-filled eyeglass frames – those made 20 or more years ago – contain much more gold than frames that are manufactured today.
  • Gold-filled plates, dishes, cutlery, candlesticks and other items – If you’re lucky enough to own quantities of older items, you could be sitting on quite a valuable quantity of gold.

Stampings to Look for on Gold-Filled Items

Look over the gold-filled items that you have. Not all gold-filled scrap items will be stamped with numbers that indicate how much gold they contain. But if you do notice numbers like these stamped onto items, here is that they mean:

  • “1/10 10K” means that 1/10 of the weight of your item is 10K (10 karat) gold.
  • “1/10 12K” means that 1/10 the weight of your frame is 12K gold. And so on.

If you have large quantities of gold-plated and gold-filled scrap, call us at 800-426-2344 to learn more.

Related Posts:

How to Get Top Dollar for Silverware and Gold Jewelry
What Is Karat Gold and How Can You Find Out What Yours Is Worth?
An Invitation to Jewelers, Pawnbrokers and Other Jewelry Professionals to Partner with Our Precious Metals Refinery
Ask a Gold Refinery - What’s the Difference between Gold-Plated and Gold-Filled Eyeglass Frames?
There Could Be More Gold in Old Commemoratives and Trophies than You Think

Checklist of Places to Look for Precious Metals in Your Home

Where are precious metals hiding in your home? Some of the places are obvious, like silverware, others less so. Appliances can be hiding platinum-bearing thermocouple wire. In addition to circuit boards, your electronics can be hiding gold contacts, pins and other meltables. So we created this checklist for you to use when you’re preparing to sell your home or simply doing some spring cleaning…

Shown: a kitchen filled with buried treasure - precious metal bearing appliances, silverware and more, that can be recycled profitably by Specialty Metals.

Major appliances

  • Electric and gas stoves
  • Air conditioners
  • Refrigerators

Smaller appliances

  • Microwave ovens
  • Toasters and toaster ovens
  • Coffee makers, irons and other devices that generate heat

Household electronics

  • Radios and televisions
  • Remotes
  • Gaming consoles
  • Cellphones
  • Personal computers, computer components, and tablet computers

In the kitchen

Around the house

  • Silver and gold-plated trophies and plaques
  • Silver and gold-plated metal picture frames
  • Gold-plated faucets and bathroom fixtures (rare)
  • Old gold-plated lighting fixtures (rare)
  • Old gold, silver and platinum jewelry of all kinds
  • Old silver and gold-filled eyeglass frames
  • Coin collections
  • Darkroom supplies, chemicals and equipment

And if your spring cleaning uncovers any “buried treasure” in your home, call Specialty Metals Smelters and Refiners at 800-426-2344 and we can help you figure out what you’ve got and how much it’s worth.

Related Posts:

How to Get Top Dollar for Silverware and Gold Jewelry
Finding Value in Cutlery from the Golden Age of Silver Electroplating
The Puzzling, Profitable Process of Refining Silver-Plated Scrap Items
What Is Karat Gold and How Can You Find Out What Yours Is Worth?

Ask a Gold Refinery - What’s the Difference between Gold-Plated and Gold-Filled Eyeglass Frames?

If you look closely at older eyeglass frames made before about 1975, you might notice some curious numbers stamped on the temple pieces (the pieces that run up over the wearer’s ears) or on the frames themselves. The markings might be something like “1/10 10K.” What do those numbers tell you? What do they mean? And if you are in possession of a large quantity of gold optical and eyeglasses scrap, how much money can you get from recycling?

They Mean that Your Eyeglass Frames Are Valuable

They mean that you have eyeglass frames that are not gold plated, but gold-filled. Here’s the difference.

Shown: a shipment of optical and eyeglasses scrap that a customer sent to Specialty Metals for us to recycle, refine and recover gold from.

Shown: a shipment of optical and eyeglasses scrap that a customer sent to Specialty Metals for us to recycle, refine and recover gold from.

  • “Gold-plated” frames, like nearly all frames made today, have only a very thin layer of gold plated onto them – only a few microns.
  • “Gold-filled” frames are plated with a thicker layer of gold – in some cases, up to 100 times thicker than what you will find on today’s gold-plated glasses. They were made back the days when gold was much cheaper than it is today. The idea was to produce a thick plating that would endure through years of use, not get tossed after a few years.

What Do Those Numbers Mean?

It’s actually pretty simple. If you find the marking “1/10 10K,” that means that 1/10 of the weight of your frame is 10K (10 karat) gold. If you find a marking that says, “1/10 12K,” that means that 1/10 the weight of your frame is 12K gold, and so on.

If you have a laboratory scale, you can pretty easily estimate how much karat gold is in a pair of old frames. If 1/10 of the weight of your frames is 10K gold, for example, you’ll quickly know how much 10K gold they contain. Remember that karat-rated gold means that you are dealing with an alloy of gold, not pure gold; only 24k is pure gold, which you will never find in eyeglass frames. Because you are dealing with an alloy, it is a bit more difficult to understand just how much pure gold your older eyeglass frames contain.

That’s why you should call us. We’ll be happy to help you dig the dollars out of your older gold-filled frames. Call our gold refining experts at 800-426-2344 to learn more.

Related Posts:

3 Simple Steps: How to Find the Best Gold Refiner
Gold Refining: Why It Takes an Expert to Evaluate Your Gold-Plated Items
Some Fascinating – and Potentially Profitable – Facts You Never Knew about Refining Gold
What Is Karat Gold and How Can You Find Out What Yours Is Worth?